Company began the year with retained earnings of $380,000. During the year, the company sold...
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Accounting
Company began the year with retained earnings of $380,000. During the year, the company sold additional shares of stock for $1,000,000, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was retained earnings balance at the end of the year? $840,000 $540,000 $460,000 $500,000
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